Fed Unfiltered, Daily Trends: Tables (3/17/23)
IMF, Report: Crisis and Monetary Policy
“One implication of these insights is that we need better aggregate supply models that reflect the pandemic’s lessons. For instance, it will help to further develop sectoral models that differentiate between goods and services and incorporate sectoral capacity constraints to help account for speed effects and nonlinearities at both the sectoral and aggregate levels ……
Read MoreFed Unfiltered, Annotated Graphs: Fed’s Balance Sheet
Fed Board, Report: H.4.1 Statistical Release
“The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks,” has been modified to include information related to the Bank Term Funding Program (BTFP). The Federal Reserve announced the BTFP on March 12, 2023, to facilitate lending to eligible U.S. depository institutions.”
Read MoreFed Unfiltered, Daily Trends: Tables (3/16/23)
Fed Board (and FDIC, Treasury), Press Release: Eleven Banks Support First Republic Bank
“The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg, and Acting Comptroller of the Currency Michael J. Hsu:” “Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large…
Read MoreFed Unfiltered, Annotated Graphs: SOFR, BSBY, Fed Funds
Fed Unfiltered, Annotated Graphs: 2yr & 10yr Treasury, Fed Funds
Fed Unfiltered, Annotated Graphs: 2yr & 10yr Treasury, Fed Funds
Fed Board, Press Release: Federal Reserve announces July launch for the FedNow Service
“The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch.” “The Federal Reserve Banks are developing the FedNow Service to facilitate nationwide reach of instant payment services by financial institutions — regardless of size or geographic location — around the clock, every day of the…
Read MoreFed Unfiltered, Daily Trends: Tables (3/15/23)
Fed Unfiltered, Annotated Graphs: YC Spreads (Recession Indicators)
Fed Unfiltered, Annotated Graphs: Sahm Rule Recession Indicator
Michelle Bowman, Speech: The Innovation Imperative, Modernizing Traditional Banking
The economy/monetary policy was not mentioned in this speech, however at the beginning of the speech, Bowman did acknowledge and outline the two recent bank failures and the steps taken by the Treasury, Fed and FDIC. “Today, I will address three issues related to innovation. First, I will briefly discuss how bank regulation and supervision…
Read MoreFed Unfiltered, Daily Trends: Tables (3/14/23)
Fed Unfiltered, Annotated Graphs: Core CPI & Core PCE
BLS, Report: Consumer Price Index – February 2023
“The all items less food and energy index rose 5.5 percent over the last 12 months, its smallest 12-month increase since December 2021.” “The index for all items less food and energy rose 5.5 percent over the past 12 months. The shelter index increased 8.1 percent over the last year, accounting for over 60 percent…
Read MoreFed Unfiltered, Annotated Graphs: 2yr & 10yr Treasury, Fed Funds
Fed Board, Press Release: Michael Barr to Lead a Review of the Supervision and Regulation of Silicon Valley Bank
Press Release is short – full text is below. “The Federal Reserve Board on Monday announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure. The review will be publicly released by May 1.” “The events surrounding Silicon…
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